Short Interest in Ares Strategic Mining Inc. (OTCMKTS:ARSMF) Decreases By 47.6%

Ares Strategic Mining Inc. (OTCMKTS:ARSMF) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 42,100 shares, a drop of 47.6% from the August 15th total of 80,300 shares. Based on an average daily trading volume, of 208,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 208,300 shares, the days-to-cover ratio is currently 0.2 days.

Ares Strategic Mining Price Performance

OTCMKTS:ARSMF opened at $0.17 on Friday. Ares Strategic Mining has a 1-year low of $0.09 and a 1-year high of $0.26. The firm has a fifty day simple moving average of $0.19 and a 200 day simple moving average of $0.17.

Ares Strategic Mining Company Profile

Ares Strategic Mining Inc, a junior natural resource mining company, engages in the acquisition, exploration, and development of fluorspar properties in Canada and the United States. It focuses on the exploitation, production, and supply of metspar and acidspar. The company holds 100% interest in the Lost Sheep Fluoride Mine that consists of 353 claims covering an area of approximately 5,982 acres located in western Utah, the United States; and the Liard Fluorspar property, which includes 55 claims covering an area of approximately 55,000 acres located in British Columbia.